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Maker to Danish Krone Converter and calculator

Convert 1Maker (MKR) to Danish Krone (DKK) equals kr 22,041.26 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Danish Krone(DKK). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 22,041.26 DKK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

DKK information

About the Danish Krone (DKK)

What Is the Danish Krone (DKK)?

The Danish Krone (DKK), symbolized as "kr." and sometimes referred to as the Danish crown, is the official currency of Denmark, Greenland, and the Faroe Islands. Introduced on January 1, 1875, it replaced the rigsdaler and established Denmark on the gold standard. The ISO code for the Danish Krone is "DKK," and it is subdivided into 100 øre.

The Danish Krone (DKK) is issued by Danmarks Nationalbank, which is the central bank of Denmark. Established in 1818, Danmarks Nationalbank is responsible for the production and distribution of Danish currency and plays a key role in maintaining the stability of the krone, especially in relation to its pegging to the euro through the European Exchange Rate Mechanism (ERM II). The bank also oversees monetary policy in Denmark, aiming to ensure a stable financial system and prices.

What Is the History of DKK?

The Danish Krone has a rich history, with the earliest Danish coinage dating back to the 10th century. The modern-day krone was introduced in 1875 as part of the Scandinavian Monetary Union, which lasted until World War I. The krone was initially pegged to gold, but this standard was abandoned in 1931. During the 20th century, the krone underwent several devaluations, particularly in relation to the British pound and the US dollar.

Notes and Coins of DKK

Danish coins are distinctive, with different metal colors and sizes corresponding to their values. The current series of coins includes denominations from the 50 øre coin to the 20 krone coin. Danish banknotes have undergone several series, with the most recent being the 2009 series featuring Danish bridges and landscapes. A new series is scheduled for release in 2028-2029.

Why Is the Danish Krone a Stable Currency?

The Danish Krone's stability is largely attributed to Denmark's strategic approach to economic management. The currency is pegged to the Euro via the European Exchange Rate Mechanism II (ERM II), which ties its value to the Eurozone's economy. This pegging is maintained by Danmarks Nationalbank, the central bank of Denmark, through measured adjustments in interest rates and other monetary tools. The overall stability of the Danish economy, characterized by a high standard of living and a stable political climate, supports the Krone's steadiness. Contributing factors also include Denmark's consistent record of low inflation and the government's responsible fiscal policies, such as effective public debt management and maintaining balanced budgets. These elements, combined with international confidence in Denmark's financial system, help the Krone maintain its stability, even in the face of global economic fluctuations.

Why Does Denmark Not Use the Euro as Its Currency?

Denmark does not use the Euro primarily due to the decision made by its citizens in a referendum. In September 2000, a referendum was held in Denmark to decide whether the country should adopt the Euro as its official currency. The result was that 53.2% of the voters chose to keep the Danish Krone (DKK), while 46.8% voted in favor of adopting the Euro.

This choice was influenced by several factors, including a desire to maintain economic independence, allowing Denmark to tailor its monetary policy to national needs. Additionally, the Krone is seen by many as a symbol of national identity and sovereignty, and there was a general sentiment that adopting the Euro might diminish this aspect of Danish heritage. At the time of the referendum, Denmark's economy was strong and stable, leading many voters to question the necessity of changing the currency amidst the uncertainties surrounding the Euro. Furthermore, there was a degree of skepticism about the European Union and its future direction, with some preferring to keep a level of detachment from deeper EU integration. Despite this, Denmark has kept its currency closely aligned with the Eurozone through the European Exchange Rate Mechanism II (ERM II), ensuring currency stability while maintaining its monetary sovereignty.

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Bitget crypto-to-fiat exchange data shows that the most popular Maker currency pair is the MKR to DKK, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for DKK.

MKR to DKK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Maker has changed +5.26% to DKK. Based on the trend and price charts, Maker(MKR) has changed +5.26% to DKK while Danish Krone(DKK) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr21,996.78
0.0001% / 0.0004%vip-iconVIP
Binance
kr21,999.66
0.1000% / 0.1000%
Yes
OKX
kr22,014.36
0.080% / 0.100%
Yes
Huobi
kr21,995.45
0.1000% / 0.1000%
Yes
Gate.io
kr21,830.91
0.1000% / 0.1000%
Yes
Bybit
kr21,966.05
0.1000% / 0.1000%
Yes
KuCoin
kr22,001.9
0.1000% / 0.1000%
Yes
Bitfinex
kr21,909.33
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 05:00:34(UTC+0)

What factors influence the conversion rate of Maker to Danish Krone?

Maker to Danish Krone is rising this week.
Maker's current market price is kr 22,041.26 per MKR, with a total market cap of kr 20,381,934,010.13 DKK based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -22.55% (kr -165,894,353.48 DKK) in the last 24 hours. Last trading day, MKR's trading volume was kr 735,562,502.69.
Market cap
$2.91B
24h volume
$81.36M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at kr 22,041.26 DKK , which means buying 5 MKR will cost kr 110,206.3 DKK . Similarly, kr1 DKK can be traded for 0.{4}4537 MKR, and kr50 DKK can be converted to 0.002268 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Danish Krone has changed by +10.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.26%, reaching a high of 22,108.78 DKK and a low of 20,928.53 DKK . One month ago, the value of 1 MKR was kr 22,830.94 DKK , which represents a -3.46% change from its current value. Over the last year, Maker has changed by
+kr
3,220.1DKK
, resulting in a change of +357.70% in its value.

MKR to DKK

Amount
05:28 am today
0.5 MKR
kr11,020.63
1 MKR
kr22,041.26
5 MKR
kr110,206.3
10 MKR
kr220,412.61
50 MKR
kr1,102,063.05
100 MKR
kr2,204,126.1
500 MKR
kr11,020,630.5
1000 MKR
kr22,041,261

DKK to MKR

Amount05:28 am today
0.5DKK0.{4}2268  MKR
1DKK0.{4}4537  MKR
5DKK0.0002268  MKR
10DKK0.0004537  MKR
50DKK0.002268  MKR
100DKK0.004537  MKR
500DKK0.02268  MKR
1000DKK0.04537  MKR
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Today vs. 24 hours ago

Amount05:28 am today24 hours ago24h change
0.5 MKR$1,573.97$1,495.36
+5.26%
1 MKR$3,147.94$2,990.71
+5.26%
5 MKR$15,739.71$14,953.55
+5.26%
10 MKR$31,479.42$29,907.11
+5.26%
50 MKR$157,397.11$149,535.55
+5.26%
100 MKR$314,794.21$299,071.1
+5.26%
500 MKR$1,573,971.05$1,495,355.5
+5.26%
1000 MKR$3,147,942.1$2,990,711
+5.26%

Today vs. 1 month ago

Amount05:28 am today1 month ago1M change
0.5 MKR$1,573.97$1,630.36
-3.46%
1 MKR$3,147.94$3,260.72
-3.46%
5 MKR$15,739.71$16,303.63
-3.46%
10 MKR$31,479.42$32,607.25
-3.46%
50 MKR$157,397.11$163,036.25
-3.46%
100 MKR$314,794.21$326,072.5
-3.46%
500 MKR$1,573,971.05$1,630,362.5
-3.46%
1000 MKR$3,147,942.1$3,260,725
-3.46%

Today vs. 1 year ago

Amount05:28 am today1 year ago1Y change
0.5 MKR$1,573.97$344.02
+357.70%
1 MKR$3,147.94$688.05
+357.70%
5 MKR$15,739.71$3,440.23
+357.70%
10 MKR$31,479.42$6,880.46
+357.70%
50 MKR$157,397.11$34,402.31
+357.70%
100 MKR$314,794.21$68,804.61
+357.70%
500 MKR$1,573,971.05$344,023.07
+357.70%
1000 MKR$3,147,942.1$688,046.14
+357.70%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.